The Lake Charles liquefaction project is being developed to liquefy domestic supplies of natural gas for export to foreign countries in order to meet the growing world-wide demand for LNG. Exporting LNG to the world market will provide a wide range of economic and employment related benefits for the United States.

Energy Transfer and its subsidiaries continue to work closely with its customer BG Group in the development of the project, ETE said in a statement.

As part of the project, Trunkline Gas Company plans to extend its interstate natural gas pipeline approximately half a mile to provide feed gas to the liquefaction facility. The project is currently planned to export up to 15 million metric tons of LNG per year, which is the equivalent of approximately 2 billion cubic feet per day of natural gas. Pending regulatory approvals, Trunkline LNG Export currently expects to begin project construction in 2014 and is anticipating the project to be in service in the spring of 2018.

The Philippine Department of Energy orders Forum Energy to suspend exploration work at Service Contract 72 as the acreage falls within the area of a territorial dispute between the Philippines and China.

Otto Energy farms out a 15 percent stake in Service Contract 55 off the Philippines to Red Emperor Resources and signs a letter of intent for Maersk Venturer to drill the Hawkeye-1 exploration well in the block.

BW Offshore has confirmed that bodies of the remaining three crew members who went missing in the FPSO explosion in Brazil in February, have been recovered. With this, the total number of fatalities from this incident stands at nine. Two crew members remain in hospital, receiving medical attention and their condition is reported to be […]

‘Blue Queen’, the recently delivered, Ulstein-designed, platform supply vessel has landed its first gig in the North Sea. The platform supply vessel, named at Ulstein Verft on Friday, February 27, will be working in the spot market. On Monday, it embarked on its first assignment with Lundin Petroleum. “We are very satisfied that the ‘Blue Queen’, […] […]

Forum Energy, a UK-based oil and gas exploration and production company, has declared a force majeure on Service Contract SC72, offshore the Philippines. The company has said that Philippine Department of Energy (“DOE”) has granted a force majeure on activities in the area because it is situated within the territorial disputed area of the West Philippine Sea […]

Statoil has awarded the Johan Sverdrup SURF Detail Engineering and Services 2015-20 contract to IKM Ocean Design. Johan Sverdrup field is a large oil discovery in production licenses PL265, PL501 and PL502 in the Utsira High region of Norwegian Continental Shelf, 140 km west of Stavanger. The field development is a phased development. Phase one […]

Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper has announced the bureau will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area. Proposed Western Gulf of Mexico Lease […]

Trans Adriatic Pipeline AG (TAP) has launched two pre-qualification contracts for the construction of the 105 km offshore pipeline section under the Adriatic Sea. The greatest depth the pipeline will be laid is 820 meters. According to TAP, the first pre-qualification comprises Engineering, Procurement, Construction and Installation (EPCI) works for the offs […]

DOF Subsea UK’s survey and positioning business in the UK and US has been awarded an extension of a Master Service Agreement with Heerema Marine Contractors of Leiden, The Netherlands. The contract covers global provision of survey and positioning services on board Heerema Marine Contractor’s vessels, including the Hermod, Balder, Thialf, Aegir and support […]

After the acquisition by LetterOne, the Hamburg based upstream company RWE Dea has a new owner, a new supervisory board and gets a new name. LetterOne is a privately owned Luxembourg-based global investment vehicle focused on utilizing its financial resources, management and investment expertise. At the first general meeting of shareholders a new supervisory […]

Technip has been awarded a contract from Tupi BV, a consortium composed of Petrobras Netherland BV (PNBV, 65%), BG (25%) and Galp (10%), for the ongoing development of the Lula Alto field, located in the Santos Basin pre-salt area, Brazil. This contract covers the supply of around 200 kilometers of flexible pipes and associated equipment, […]

McDermott Middle East, Inc. has been awarded initial work for a significant power supply system replacement contract by Saudi Aramco for the Marjan field, offshore Saudi Arabia. Work is expected to be executed through the fourth quarter of 2016 and will be included in McDermott’s first quarter 2015 backlog. The overall brownfield project comprises integrated […]

Bibby Offshore, a provider of subsea installation, inspection, repair and maintenance services to the offshore oil and gas industry, has made several Board changes as part of a reorganisation of the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Trans Adriatic Pipeline AG (TAP) has launched two pre-qualification contracts for the construction of the 105 km offshore pipeline section under the Adriatic Sea. The greatest depth the pipeline will... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Statoil has awarded the Johan Sverdrup SURF Detail Engineering and Services 2015-20 contract to IKM Ocean Design. Johan Sverdrup field is an oil discovery in production licenses PL265, PL501 and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

McDermott International has been awarded a contract for a new jacket, temporary deck and replacement umbilical by Qatar Petroleum for the North Field Alpha gas development, offshore Qatar. According... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Technip has won a contract from Tupi BV, a consortium composed of Petrobras Netherland BV (PNBV, 65%), BG (25%) and Galp (10%), for the ongoing development of the Lula Alto field, located in the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

DOF Subsea UK Limited, a provider of integrated subsea services, announced that its survey and positioning business in the UK and US has been awarded an extension of a Master Service Agreement with... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

McDermott has been awarded initial work for a significant power supply system replacement contract by Saudi Aramco for the Marjan field, offshore Saudi Arabia. Work is expected to be executed through... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

James Fisher has acquired the entire share capital of Subtech. The initial consideration is ZAR61.0m (£3.4m) in cash plus potential future consideration up to a maximum of ZAR175.0m (£9.9m) based on... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Ireland’s Providence reported that the initial evaluation of the fast-track 3D volume has revealed seismic morphologies in the Drombeg prospect which are consistent with those of a large... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Chevron Australia’s Gorgon Gas Development Fourth Train Expansion Proposal, which is expected to expand the liquefied natural gas (LNG) production capacity on Barrow Island from 15 to 20 million... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Statoil’s active leases in the Gulf of Mexico

Car sales in February disappointed. In February, the pace of car sales slowed to 16.23 million units, according to AutoData. Analysts were looking for a pace of 16.7 million in February. The biggest miss was from Ford, which saw sales unexpectedly fell 2.0%, much worse than expectations for a 5.8% jump. Sales from Fiat Chrysler, Nissan, General Motors, Hond […]

MJ Day, the editor of Sports Illustrated's swimsuit issue, has been working for the magazine for her whole career. After graduating college in 1997, she was an intern for InStyle, a fellow Time Inc. publication, before taking a low-level job as an editorial assistant on the SI swimsuit issue a year later. Part of that first job was sorting through the e […]

Ferrari has unveiled the new 488 GTB (Gran Turismo Berlinetta), in celebration of the 40th anniversary of the release of the company's first mid-rear engined V8. The new 488 is supposedly able to accelerate 0-62mph in three seconds flat and 0-125mph in 8.3 seconds. Produced by Jason Gaines. Video courtesy of Associated Press. Follow BI Video: On Faceboo […]

On Monday, the Nasdaq closed above 5,000 for the first time since the height of the tech bubble in March 2000. And as we approach all-time highs for the index, some strategists have argued that this time, it really is different. In 2015, what we know is that the Nasdaq is fairly concentrated in the US. But in 2015, this might not be a bad thing. Via Dadav […]

The bold, colorful new look known as Material Design is a big part of what makes Android 5.0 Lollipop feel different than previous versions of the software. It was a big undertaking on Google's part. Matias Duarte, vice president of design at Google, said the effort involved in creating Material Design was "kind of like going to the moon" in a […]

Washington (AFP) - John Oliver may have been ruled out of the running to replace Jon Stewart but the British comedian's role in helping sway the debate over "net neutrality" has cemented his status as The Daily Show host's spiritual heir.Oliver was the first name on most people's lips last month when Stewart sent his legions of fans […]

In January 2010, Uber CEO Travis Kalanick tweeted, "Looking 4 entrepreneurial product mgr/biz-dev killer 4 a location based service.. pre-launch, BIG equity, big peeps involved--ANY TIPS??" His car-hailing company, most recently valued at $41 billion, was less than a year old at the time. A guy named Ryan Graves saw Kalanick's tweet and respon […]

Shares of Lumber Liquidators were flying higher on Tuesday, rising as much as 13% after crashing on Monday. Near 2:15 pm ET, the stock had pared these gains and was up about 6%. Shares of the company fell 25% on Monday after a report on "60 Minutes" detailed apparent violations at some of the companies suppliers in China and unsafe levels of formal […]

In December, Minecraft founder Markus Persson reportedly outbid Jay-Z and Beyonce for an amazing home in Beverly Hills. He paid $70 million for the over-the-top, 23,000-square-foot home. In an interview with Forbes, Persson said he received a mysterious offer just a few weeks later. "Someone anonymously offered me $10 million more than I paid for it a […]

Remember "The Dress?" Well, now we have iPhone cases, two of them, so that you can share with your friends and the world which color you think — or thought — the dress was. The glaring problem is that this item will be released on March 27, a full month after people were losing their minds over the dress. And in a month, it seems unlikely that p […]

Submitted by Simon Black via Sovereign Man blog, Only hours ago, Gallup released a new poll showing that only a small minority (just 17%) of Americans still view the US as the world’s economic superpower. Echoing former US Treasury Secretary Larry Summers’ quip, “There is surely something odd about the world’s greatest power being the world’s greatest debtor […]

While every other word from talking-heads and policy-makers relates various anecdotes (or simple lies) about US economic growth, The Atlanta Fed appears to have taken a 'data-dependent' perspective on the real economy (as opposed to smoke and mirrors). Based on their GDPNow "nowcasting" model, The Atlanta Fed projects Q1 2015 GDP growth o […]

Submitted by Mike Krieger via Liberty Blitzkrieg blog, The following video of LAPD officers gunning down a homeless man in broad daylight is rightly getting a lot of attention. It’s not as if it was one officer dealing with a dangerous situation who panicked. There was a mob of police officers surrounding the victim, and rather than dealing with the situatio […]

Just yesterday we warned that, among the 'solutions' the Greek government was exploring in its scramble for cash to pay back The IMF loan, was 'borrowing' from the nation's pension funds. Today we get the sad confirmation that indeed Greece will raid cash reserves in pension funds and other public sector entities to cover its funding […]

Submitted by Nick Cunningham via OilPrice.com, Are oil prices heading for a double dip? The surge in shale production has produced a temporary glut in supplies causing oil prices to experience a massive bust. After tanking to a low of $44 per barrel in January, falling rig counts and enormous reductions in exploration budgets have fueled speculation that the […]

Back in September, when it first went public, and when it quickly became the talk of the TV studio currently located on the obsolete NYSE floor in New York, a constant source of China buzz, not to mention making Jack Ma China's richest man, Alibaba's market cap soared as high as $250 billion, making it one of the top 10 most valuable companies by m […]

In a 'ripped from The Onion'-esque headline, WSJ reports that David Petraeus - the former director of the US Central Intelligence Agency - will plead guilty to a charge of mishandling classified information. The reitred military general, whose career was cut short by a very public affair with his biographer, reached a plea deal over sharing unautho […]

While the Hillary Clinton email fiasco is sure to be the talk of the town for the next few days, weeks, and months and may have seriously jeopardized the former SecState's chances at becoming America's next president, an even more important story is how the revelation that Hillary exclusively used a private, unencrypted and unsupervised email for 4 […]

Submitted by Peter Schiff via Euro Pacific Capital, Going into 2015 the economic outlook held by the U.S. investment establishment could not have been much more positive, and more unified. Pundits saw all the variables aligning to create the best of all investment worlds, a virtual "no-brainer" of optimism. Many believed that the 5.0% annualized gr […]

This article in the Independent Sentinel was apparently developed from an interview that top conservative radio host Mark Levin conducted with broadcaster Susan Payne. Levin is a kind of conservative neocon from what we can tell and the Independent Sentinel seems to believe that radical Islam is the biggest threat since Prussia. But nonetheless, the determin […]

There have been anti-central bank demos in Germany, anti-EU demos across Europe and now there are anti-Monsanto demos in both South America and Europe, including Poland. The South American demos and protests have been going on for a while. But this protest in Poland seems fairly unique and shows once more how people are confronting a variety of authoritarian […]

One of the social mythologies of our time is that it is in the power and ability of governments to remake society in any image or shape that those with political authority consider "good," "right" and "just" for mankind. No other idea has caused more horror and hardship in modern times. The extreme attempts at such "social […]

My wife says I'm weird and she is probably right. First, I personally love cold weather, mountains and skiing, so why am I looking south? Maybe it is because the words of Jimmy Buffet's "Changes in Latitudes, Changes in Attitudes" keep going through my mind. Well, I enjoy cold and snow when it is out in the mountains surrounded by nature […]

Once one understands how much of the information band British media promotions occupy, it is difficult to watch the BBC for any length of time. Watch the Beeb for a day and be educated about how to believe and what to say. The Beeb is a prime exponent of dominant social themes. Each finds space for elaboration on news programming. These themes, in our view, […]